Ethyl acetate is an organic compound with the chemical formula CH3COOC2H5. It is an ester with a functional group - COO -, which can be regarded as the product of the hydroxyl group in the carboxyl group of acetic acid being replaced by an ethoxy group.
Ethyl acetate is a colorless transparent liquid with a fruity aroma, slightly soluble in water, and easily soluble in organic solvents such as ethanol and ether. It is an important organic chemical raw material and industrial solvent. Ethyl acetate has a wide range of industrial applications, mainly used in the manufacturing of coatings, paints, inks, and other products. It can also be used as an organic solvent, extractant, and spice. In addition, ethyl acetate can also be used to synthesize other organic compounds, such as reacting with sodium hydroxide to produce sodium acetate and ethanol.
Segmented Market Analysis
From the perspective of subdivision types, ethyl acetate can be divided into four categories based on its different uses and quality standards: food grade, pharmaceutical grade, industrial grade, and electronic grade. Among them, industrial-grade ethyl acetate and food-grade ethyl acetate dominate the market. According to our research data, the market size of these two segmented products was $172 million and $163 million respectively in 2023, with market shares of 40.38% and 38.06%.
Global Ethyl Lactate Market Size and Share by Region/Country in 2023
|
Types |
Market Size (Million USD) |
Market Share |
|
Food Grade |
163 |
38.06% |
|
Pharmaceutical Grade |
60 |
14.08% |
|
Industrial Grade |
172 |
40.38% |
|
Electronic Grade |
30 |
7.04% |
Source: www.globalmarketmonitor.com
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